Mario Draghi

WHO is 'Mario Draghi'

Mario Draghi is an Italian economist currently serving as the president of the European Central Bank (ECB). He assumed the ECB post in November 2011, and his term expires in November 2019.

Between 2009 and 2011, Draghi was the chairman of the Financial Stability Board (FSB), a Basel, Switzerland-based international organization that has representation from the G-20 major economies. FSB works by screening and assessing global financial systems with main focus on financial vulnerabilities, and recommending important changes to address them.

BACKGROUND of 'Mario Draghi'

Draghi has also served as the governor of Italy’s central bank, Banca d’Italia, between 2005 and 2011. Prior to that, he was with Goldman Sachs as vice chairman and managing director.

Draghi is credited with handling one of the toughest jobs in the world that includes maintaining growth and stability in the large European Union region, which is extremely diverse economically, politically, and socially.

Fortune magazine ranked him No. 2 on its list of world’s greatest leaders in 2015, while Forbes ranked him No. 11 on its list of the most powerful people in government and policy. (See also: Draghi Effect.)